[...] Legendary investor George Soros warned late last week "we have just entered Act II" of the crisis, declaring "the collapse of the financial system as we know it is real, and the crisis is far from over."Soros is a Keynesian Ignorant and needs to educate himself, along with anybody who thinks this way, by reading Rothbard's America's Great Depression as well as Benjamin Roth's The Great Depression: A Diary. These are two critical pieces that everybody should read in order to avoid being brainwashed by governments' and Keynsesian propaganda. I will publish a few posts about this great work that is Benjamin Roth's - eye opening, simple and historical.
"we find ourselves in a situation eerily reminiscent of the 1930s," Soros declared. "Keynes has taught us budget deficits are essential for counter-cyclical policies, yet many governments have to reduce them under pressure from financial markets. This is liable to push the global economy into a double-dip."
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